More wealthy Americans are opening Swiss bank accounts fearing U.S. risks

Banks in Switzerland are seeing a surge in wealthy Americans opening bank accounts in the country, CNBC reports, citing fear and discontent over Trump's economic policies as a major reason.

A growing number of wealthy Americans are opening bank accounts in Switzerland, part of a trend to "de-Americanize" their portfolios, according to Swiss investors and banking institutions.

After Trump's announcement of increased tariffs, more and more wealthy Americans are choosing to park their money abroad. The country most choose? Switzerland.

Wealthy Americans move money to Swiss banks amid US uncertainty

Wealthy Americans are increasingly moving money to Swiss banks, seeking stability, dollar diversification, and asset protection amid US uncertainty.

Why high-net-worth Americans are banking in Switzerland

Some wealthy Americans are fleeing the United States—with their money, at the very least. The uncertainty wrought by President Donald Trump’s second term in office has benefitted Swiss banks, as there’s been an uptick in the number of Americans seeking to open banking and investment accounts in recent months, according to reporting by CNBC and The Financial Times. Swiss banks have a long reputation for offering strong financial stability, asset …

Business Booms at Swiss Bank UBS Group (UBS) as Wealthy Americans Open Accounts

Detailed price information for UBS Group Ag ADR (UBS-N) from The Globe and Mail including charting and trades.